CPI Data Expectations: Analyzing January US inflation release CPI Inflation SEO EconomicIndicator UnitedStates
ary 14. The US Dollar is struggling to extend the recovery against its rivals since the last Federal Reserve meeting.
Investors will closely scrutinize the US CPI report, as it is the most influential macroeconomic indicator to measure consumer inflation, providing significant insights into the Federal Reserve’sYohay Elam, Senior Analyst at FXStreet, signals that high expectations for the US CPI data don’t leave much room for a US Dollar rally:
A softer-than-expected reading would reinforce market expectations that the Fed could bring a pause to its policy tightening after the first quarter, prompting fresh selling around the US Dollar.
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